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tv   MONEY With Melissa Francis  FOX Business  October 16, 2014 2:00pm-3:01pm EDT

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too slow to respond. criticism from both sides of the aisle as congress grills government health officials and their response to ebola. this right here is not instilling a lot of confidence. look closely. one of these things is not like the other of the second nurse to hazmat suit. they are right there. the person in plain clothes? he is reportedly a medical protocol supervisor. no hazmat suit. volatile day for stocks. has a headline if some wondering right here, alibaba's ipo is at the top. apple's big day, rolling out new ipad. we'll taae you live to apple headquarters for all the breaking details. whew, that's a lot. even when they say it's not it is lways about money. all right we start with the very latest on the ebola crisis in the u.s. federal officials are confirming nina pham, the first nurse to contract the deadly virus within the country, is heading to the national
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institutes of healtt biocontainment facility later meanwhile, the cdc just releasing that the second nurse to be diagnosed with the deadly virus, amber vinson, did not report any symptoms prior to flying. that has been a big point of debate. now a chain reaction as select schools in both ohio and texas areas are calling off classes now due to possible ebola exposure. vinson did visit one retail store while in the akron area, causing store owners to close its doors for the time-being. however health officials are declining to name the store right now. bring in today's panel. fox business's very own charlie gasparino. shaffer from schaefer asset dan management. headlines change from second to second with the market on tintter hooks. we've been all over the map.
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>> there may be a qe 5 or 4, depending what you call operation twist. melissa: yeah. >> i think that is what drives markets for the most part. i will say this, wonderinn why ebola is market headline to trade off of and a big economic story, think about what you're hearing here. closing of schools. melissa: right. >> closing of businesses that someone might have been to. you know, cleaning out airplanes 15,000 times that someone might have -- melissa: information and misinformation. we hear she didn't have a fever. yes she did. no she didn't. >> this misinformation and fact they have been late on the ball to the obama administration led to economic worries. there will be an impact on gdp from this i can't tell you how much. >> when you talk aaout the econooic impact, it is not just the risk of a massive ebola epidemic in the u.s. suppose that risk is miniscule.3 that doesn't mean that people won't be reluctant to take extra trip to the malcolm holiday time or extra flight.
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can see a definite economic impact even if there is not spread. >> there is sign fiction movie before our eyes. people will panic and get scared. this is unknown. we don't know how it is transmitted. we don't know if they're telling us the truth. like charlie said, it will affect gdp. >> administration has always been a crisis in confidence. there are too mmny unknowns. >> when the earning growth rate is not exactly rip-roaring high. you knock a couple percentage points off -- melissa: get the other big story of the hour. that is apple unveiling ipad air 2. ceo tim cook calls it the world's thinnest tablet and 10 hours of battery life. he says pple pay is ready to role and will launch on monday. very interesttng things. two new ipads, stack them on top of each other, still thinner than the original one was. a lot of apple news. if you look to positive story. jack, you're laughing.
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>> apple is getting lost in he news cycle for a lot of people. what i'm thinking with the ipad though with a bigger iphone, they have the bigger screen, does that make them less likely to add ipad 2 if they have a bigger screen? >> don't sk me. melissa: i have ipad mini. do i get the phone instead any was driving down the street today. two people in back of my car, my kids, said on radio new ipads coming out. mass hysttria in back seat. yelling for new ones. i had to scrape the 4-year-old off the ceiling. doesn't matter we have ll the apple technology in the world in our house. a lot of kids love. that apple appeals to the younger generation. the thing this show is starting to get repetitive. what are they going to do next that really will be evolving for people that want to use it? melissa: i'm not sure it matters. >> doesn't matter to me. melissa: apple, doesn't matter what you say after that. it.ple go to the store and buy >> whatever happens from heee,
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we have a couple quarters of coming absolutely blowout numbers from apple on strength of the phone. melissa: do you own any apple products. >> no. melissa: you don't own any apple products at all? you're the guy on the front line shaking your fist. on this.ost objective reporter melissa: how do they let you in at all? nothing? you doesn't have an it pad? you have nothing?% >> i'm per just to advertising. melissa: i like that. i like that. stocks clinging to green after another day of wild swings. 19th day in a row, in case you're keeping track, that the dow swung more than 100 points from high to low. you have some news on this. >> what is gging round the markets that a large hedge fund is liquidatiig. liquidating, this may be one of the worst bets i ever heard, this hedge fund, it was macro hedgg fund, went long, they went long. >> energy. >> energy. went short treasurys. 10-year. have you heard thiss >> absolutely.
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i saw the trade. i'm on the opposite side of that trade. i'm short energies anddlong >> how do you get involved in that? how do you make that bad of a bet? >> how bad? i know some fund down 20, 30% going into when treasurys rallied yesterday. the trick was that they were following the macroeconomics. >> right. >> they weren't following what the commitment of traders and real traders -- >> macroeconomics you mean? melissa: larger trend. fundamental -- >> i do technical analysis and fundamentals fill in the gap. >> this was a macrofund fairly large size. >> macro fund. >> we don't know the name. it is market speculation. i will tell you this, every trader i bounce off, numbers bear it out. the flight to quality where the yield on 10-year -- >> that was a short-covering rally to cover the shorts in the futures market. >> i agree. >> that trickled into the other market. >> because of this. melissa: somebody has gone totally belly-up? >> usually liquidations lead to eliminations.
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that is the betting. i don't know who it is yet or what fund. you know i'm just telling that usually this stuff, usually where there is smoke there's fire on this. melissa: what do you think of the fact that the market clawed back into positive territory here. >> the fed. melissa: bullard comment? would consider delaying end of qe? >> this is my prediction. we'll see if it lasts. we'll have qe4. like operation twist, remember operation twist was a way to manipulate interest rates, bring short-term rates up, bring long-term rates down. >> i disagree with you. >> it will be a different name. they will call it operation, i don't know, operation charlie for all i know. >> i disagree with you on that. i think they will do currency swaps. dollar will weaken for a short period of time. i think they will let the market decide where interest rates are going to go but overall economy is slowing down. they don't need to do it. just fear of a slowdown will bring -- >> they don't need to do it. melissa: my very favorite story
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of the day, fear spreading to main street. according to "fox news poll," 58% of the voters belief, the world is quote, going to hell in a hand basket? the question was, is everythiig going to be okay or are we going to hell in a hand basket? 58% said we're all cramming in a giant basket on our way to hell. >> some ddfferent things making up that basket. need a wheelbarrow now. melissa: that's it. allldown the drain. >> i'm sure you were in new york during 9/11. i was. i worked at journal. i lived fairly close to downtown manhattan. i remember how reassuring it was rudy giuliani, mayor of new york city, come out, and at least be in control. melissa: you're saying there is no dad in that scenario out there listen, it is okay. >> say what you want about president obama. we take a lot of shots at him here. this is pretty, bipartisan. if you're going to come out to you're going to come out if downplay threat of ebola and people start catching it,
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getting symptoms of it, or at least contracting it, and people start dying of it on our shore, you will lose confidence that s what is going on. we have a confidence gap. by the way markets are trading off this too. talk to traders. they don't believe anything. >> economic figures in the u.s. have been pretty decent so far but -- >> if the stock market continues its path, get follow-on wealth effect. melissa: are you in the hand basket or outside of hand basket. >> i'm not quite in the hand basket. melissa: up on the handle? what about you, dan, are you in the hand basket. i know they don't tell us the truth. that is fact of life. the truth has neverrbeen told. they said they could cootain this in 2008 and 2009. bernanke came on and said this is contained and it wasn't. so this is, this can't -- >> bernanke talking about ebola? >> no, financial crisis could be contained. >> you're right. >> here is a worker, and i feel really bad for her, here is worker with somebody who had
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ebola and was having a fever. why even question to get on a% plane? she was, she is a nurse? now the issue is -- melissa: calling cdc to ask for advice, maybe just stay home. the fact you're inspired to call them, not really feelingi don't. maybe i give them a call. >> i was just exposed to ebola. melissa: by the way -- >> how many more are now going to turn up? the market will move on one case after another after another. >> we're all in it alone? there is no one in charge? no overriding authority that got everything under control. >> go to airport, screenings at airport where everybody knows that this has a two or three week incubation period. what does a screen -- this is insane. >> don't worry. there is questionnaire i heard. >> by the way if youure desperate enough, here is the scary part, i would be if i lived in liberia, and i was infected, i would be desperate enough to lie. with her magic asso to make you tell the truth. >> if you're desperate enough. people in this world would love
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nothing better than opportunity to hurt americans. >> don't go down that road. >> weaponizing ebola is issue. melissa: question how individuals exposed to sick patients we areetalk about, ended up on our planes moving across the country. the cdc is getting a grilling on this right now. and who is this guy? look at this. hazmat surroonding an ebola patient all except one guy, walking around plain clothes, everybody else covered head to toe. this guy nothing. is this how we're gging to contain one of the deadliest viruses on the planet? look at that, which one of these things is not like all the others? more "money" and some answers i hope next.
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from fashi retailers to hlthcaroviders, jewelers to sporting od stores, we provide finanng solutions foalsos of businesses. banking. loyalty. analytics. synconfinancial. gage with us. melissa: tom frieden is testifying before the house energy and commerce committee answering very tough questions from lawmakers. justifying the agency's failure to track individuals exposed to the ebola virus. fox business's rich edson is on capitol hill, with the latest. it has been ppetty fiery there, rich. >> it has has. one of the questions you guys talked about on the panel a
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short while ago, how in the world did the cdc and government let a health care worker who treated first patient, died with ebola, let her get on a plane from dallas and she has ebola? what they said they had contact with her and spoke with her but she never said she wasn't feeling well. what specifically did she tell you her symptoms were or what was happening? >> i have noo seen the transcript of the conversation. my understanding that she reported no symptoms to us. >> the other question they're whether or not the government shoulddinstitute a travel ban. most republicans, a handful of democrats are calling for the federal government, the president to initiate a full travel ban of travel coming from west africa to the united states. but the administration says what the cdc is saying, it is much easier to track people who fly into the country and take their temperature and banning their travel and find some other way of getting into the united states. there are also some questions
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about whether or not these these vaccines under testing and development, partnering with the government and private sector companies and pharmaceutical companies when they get market. national institutes of health said they can't really get a timeline on this but right now they have sped up the process. it could perhaps lead to something but you never know because these trial programs can really run into logistical problems. so at the can't give much of an answer on that one. back to you. melissa: rich, thank you so much. new questions who may have been exposed to ebola across-country now, sources tell fox news that amber vinson lied abbut her symptoms before boarding a frontier airlines flight to dallas. however, cdc officials still cleared the nurse to board a frontier airlines flight despite reporting low-grade fever. who is at fault here? more importantly, who could now be exposed? we have a doctor who is resume to gift and internist and she -- resume to gift and internist. the she said this and lied and
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said she had a fever. what is the right answer? should we say if you worked with someone who had ebola you're not allied to fly at all? what is the answer? >> first of all we should say thank you to people like amber. melissa: who risk their lives to help people that are suffering. that is a great point, right. >> someone highly infectious with a terrible disease that we're all very frightened of. melissa: right. >> and leading to a lot of death in africa. melisss: after we thank them, what should we do? >> the second thing is we have to be overly precautious how we deal with people with any kind of exposure to ebola at all. melissa: should they not be allowed to get on planes? >> i think so. i think we have to apply the quarantine of 21 days and limit activities. main thing i'm thinking about how do you institute this ruling with health care workers dealing with ebola cases? there would be a handful. melissa: you think it is not
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realistic at this point? >> the question begs why are we not sending postively effected ebola patients to specialty% centers? i know that doesn't negate they would first go to e.r. and local hospital. i know that is the difficult in this situation. ttat is where the cdc .w.a.t. team would come in and hotlines would come in and. the trouble is, the point you're still limiting someone positive% from a month to two days. melissa: it is true. someone was make the point earlier today, now it is almost llke getting to the point where we're almost behaving and reacting like a third world country. that worked on the patient are now infected. that is terrible ratio. >> no other health are workers were infeeted in nebraska. melissa: that we know of, that's what we know of. >> the patients in nebraska and atlanta the same amount of time of the patient in dallas. to date we haven't had any other
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health care workers infected. melisss: what do you think about the plane she got on and other 232 people they are trying to find? >> they need to trace anyone. wash your hands with infected patient in the restroom, and someone else comes in after you and remember -- melissa: you think it is that simple if. >> it is that simple. melissa: doctor, ttank you so much for coming on. we appreciate your time. so there are new ipads in the air. ww go live to apple's event in california with the very latest. plus isis threatens to invade rome? the terrorist group revealing will airstrikes be enough? or time to send in ground troops? do you ever have too much money? bag righhere.
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melissa: have these pictures coming in just moments ago. >> ipad air 2.e ceo tim cook. it is unbelievably gorgeous. look how thin it is. melisss: gorgeous and thin like victoria secret supermodel. that is what it sounded to me. what stood out what you heard so far. >> you mentioned gorgeous and thin but does that victoria secret model have enough endurance? i'm wondering f the new independednt pads will have a little more staying power, longer battery life? also when we get into issues of being thinner and lighter, we talk about bending and breaking. so, you know, here i hhve my ipad air from last year. let me make it a little darker. it is completelyyshattered. i don't know how well you see that there. melissa: hmmm. >> these are issues with ipads. they have been flat. melissa: they are. >> so will making it a little thinner, lighter and faster,
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which they pretty much do year after year, will that be enough to get more people to buy these new tablets? melissa: you mentioned battery life. we had heard it will have 10 hours of battery life. that is improved. you talk about the fact that it can shatter. that is planned on sell less sense. don't they in a perverse way want it to shatter at some point? you can replace the screen. you never do. that you trade it in. you get a new one. they don't want it to last forever. >> that is exactly right. that is likely part of the plan and i think it is a little fishy i breaa mine and they stop working right before that new one comes out. melissa: yeah. >> but you know that is an issue, we've seen all the people trying to bend the new iphones. we'll see what happens. there will be an issue. and the 10-hour battery life, that is without streaming media content. using these devices the way they're really meant to be used. melissa: yeah. >> i do thinn however, it raised the bar a lot on software issues. and i'm also prettyyexcited
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about that mac mini just announced, that 499, that $500 price range. i think we're starting to see apple really tackle the affordability issue. so independednt pad sales havee3 been flat. melissa: yeah. >> part of that has to do with affordability. you can get android tablets for 100 bucks. that is an interesting area to tackle. melissa: that is sash think ages. everyone has a ipad, how much do you need up to grade with a device? shouldn't growth was 7% in 202007. 68% in 2013. it, folks are wondering will changesstoday be enough to inspire more upgrade. what is your takeaway right now? >> i do think the touch pay will inspire upgrade. if you're using first, second generation, you're going to want them to be smaaler, to be lighter, to be faster. the pay for ouch, that is really forward thinking integration, especially if you have kind of this mac ecosystem
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where you have the ipad, you have the imac, you have the phone. soon you might have the watch. you want them all to work together well. melissa: yeah. >> it's a good time in terms of upgrading. it is again comes back to that affordability and how much people really need that second, third or foorth device. melissa: there is need and want. said it earlier in the show. driving to school this morning and heard on radio there were new ipads coming out. my kids screaming in the back seat, jumping up and down. there is no need there. there is juss want. jennifer, appreciate you coming on. thank you for your time. oil plunging below 80 bucks for the first time in two years. dan ssesich in the pits of cme. dan, the low of the session for oil this time, 79.78. but we've seen it bounce back. do you think we put in a temporary bottom theee? >> you know, you may have. the market is driven primarily by economic action and worry of a global slowdown.
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in short term there is little bit of a bounce. long term, supply is coming back into the suppll and demand equation. supply is ample all over the place. opec is producing more. they're not cutting production. libya is back online. u.s. is producing higher than they have in 30 years. seven out of 10 new barrels come out of the ground come from here. that alone, i think long term is going down. >> dan, i have covered energy markets for years and years and years and feels like right now there has been a fundamental shift. this trade has broken down and it will stay like that. do you agree with that? >> it has. and it should. we should look at supply and demand. here is another part of the equation. on demand side, demand has been tepid. people are saying because of a slowdown? part of it may be energy efficiency. over past few years, cars are more and more efficcent. that is the primary use of fuel over here. that will create part of it. however if we get big rebound in the stock market anytime soon, oil goes up with it.
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that will be opportunity to get short. melissa: meantime, means a lost extra cash at folks pockets with prices at ump. a third of the country right now, gasoline prices at pump are below $3 a gallon. coming on.k you so mmch for we appreciate it. >> thank you, happy to be here. melissa: remember the good ol' days in the markets. all-time highs? alibaba unrivaled ipo debut. you know that waa onlyonth ago? did we already hit our peak? things are not looking good for netflix. did yoo see this? the streaming service's tock taking a very big hit today. we'll head to the trading floor for more. "piles of money" coming up. don't go anywhere.
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melissa: nicole petallides is on the floor of the new york stock exchange right now, jo ling kent is at the nasdaq, and the dow negative right now but just barely. we've had a lot of swing down there today, nicole.
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>> reporter: absolutely. we're seeing this back and forth action, i just finished looking at the dow, 13 of the 30 actually have up arrows, so we are seeing this push and pull changed line. earlier today we were down over 200 points, and then you had james bullard suggesting that the fedex tend quantitative easing, the market turns around. by the way, oil has also been a driver of this market, it was below 80, it was above 83, and that has been very volatile as well. dow leaders including unitedded healthcare, that stock's up 8.4%. caterpillar, home depot and 3m among the other winners. the other thing to note quickly is volume is pretty unbelievable. it's 40% above the average, yesterday was the heaviest volume in three years. melissa: all right, netflix shares tanking, jo. >> yeah. netflix shares down about 9 percent right now, we can show
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you some of the charts, totally getting hammered since earnings yesterday. basically what happened was they did ot get as many subscribe isers as they wanted, this is becauseeof the fact they did raise their prices earlier this year. revenue overall did go up, so good news there for netflix. but i i want to take a look at carl icahn real quick. he has 1.8 million shares in netflix. he just took a beating losing last night n the after hours trading about $200 million. he's lost hundreds of millions of dollars in this deal, or in this situation right now with netflix. but a lot of analysts i'm talking to see this as an opportunity to buy netflix, has a lot of potential to do well especially if more and more people are cutting their chords, melissa. melissa: i think he's okay, though. he's got a lot of money. no big deal. thanks to both of you. money on the move as the s&p 500 nearly wipes out almost all of
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its gains for the year. that is painful. analysts at bank of america pointing out that the index peaked roughly eight minutes after the alibaba ipo launch. so was alibaba the top? let's bring our panel back. charlie gasparino, jack howe, dan schafer. >> i was just trying to imitate carl icahn before. charlie, i'm so rich. melissa: loses money, i don't care. >> apple's a bigger buyback. melissa: what's off of the top there? eight minutes after the ipox it's been downhill. >> listen, i could be completely wrong, so i don't tell people what to do, i will just say i'm skeptical about alibaba and not knowing exactly how they make money and having the chinese government involved in this thing. if you look at the buying on the ipo ddy, you know, all my friends on wall street -- i'm noo going tooname names -- they flipped the stock. they're traders at big firms, they flipped it at 100, okay?
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and that's when the retail started getting into thi thing at around 100. melissa: okay. what do yyu guys think? tom? >> in fact, if you rolled the tape, i think that i said that was going o be a sign of the top in the market. >> i'm not convinced. melissa: okay. you said before you think there's a fund liquidating, a lot of folks online are chiming in and asking if you have a name. >> i don't have a name, but the epicenter of funds which is anthony scare knew chi from skybridge capital -- melissa: between when we last saw you, you asked him and he said what? >> he's one of our colleagues now at fox business, he's pretty sure it's not among the top 100 funds. so he's seeing no unusual activity among the top hundred funds, so this is, apparently, not a big guy, a mid-sized guy if this is happening. @elissa: guy cans, thanks so much. tim cook revealing apple's new ipad. these pictures we're showing you coming just moments ago. let's listen to apple's senior
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vice president bill shiller describe the new features. >> one billion transit to haves. -- tran sis to haves. some apps can achieve 2x performance in cpu. and the graphics are out of world. two and a half times faster what was already the industry-leading graphic performance. just look what the team has done. the original ipad starts with times faster than that with ipad air 2. but check out this graphics performance. melissa: all right, let's head out to the event now where "fox & friends" weekend host clayton morris is standing by. the ipad air 2 available in silver space gray and gold. it ships at the end of next week. also launched the ipad mini 3 with touch id. what do you think of all this? >> well, i think noticeably absent from the event, we've spent about 30 seconds talking
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about the ipad mini, so i'm just trying to find out what specc are inside the ipad mini 3 and whether or not it got a big upgrade from last yearrs model. but, of course, ipad air 2 was the big feature. showing off some of the incredible processing power of this device to be able to edit photos and put video together on the fly. think about all those videos that we shoot all the time, ten second videos of ourrkids, five seconds there, ten seconds there, and we never stitch them together and put them together in a nice little movie. that was a real key feature that apple wanted to show off. melissa: clayton, you live and breathe these things, you're our expert. on a scale of 1-10, the wow factor, what would you give what you've seen so far? >> well, i think a few weeks ago we saw the wow factor of the apple watch event. i thought this was a smart product update in time of for the biggest wow factor came for
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me in the form of the imaxx3 because a 5k display that's going to sit on your computer desk? that is a uge advancement. abbut a year ago a we were all saying to be able to do that type of technology with that processing power and the power consumption -- melissa: yeah. >> put a 5k display on your desktop, it's going to be incredibly difficult, and apple managed to pull it off in a year. melissa: you are a nerld, and we lo you for it, clayton. thank you so much. cutting off the isis supply, the terrorist group's oil production said to have dropped sharply because of airstrikes. they are still managing to advance, though, into new territory. we are going to be speaking to retired four-star general jack keane. that is coming up next. more "money" straight ahead. so i can reach ally bank4/7,7, but there arno bras? /7 it'just i'm a lile reluctant try new things. at's wronwith trying new things? feel that your les? yeah... do...
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consummate entertainer. you bet he is. and a win for the record books, the kansas city royals have advanced to the world eries after beating the baltimore orioles. it is their first time in the championship since 1985! that is the latest from the fox business network giving you the power to prosper. ♪ ♪ y'know what my business
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melissa: isis continues heading towards baghdad, but ramped-up efforts in the air could be hitting the terrorists where it hurts, in their funding. the international energy agency says damage froo airstrikes hav3 cut isis oil production by as much aa 70%. the terrorists were raking in as much as $3 million a day by selling oil. could cutting the supply change the game? general jack keane is a retired four-star general and chairman of the institute for the study of war. he joins me now. thank you so much for your time, gennral, we appreciate it. et me ask you about that cutback in oil production. so from 70,000 barrels to now estimates are 20,000 barrels. how much does that hurt them? >> well, i don't think it hurts them much in the near term, frankly, because they've got so much money that they've accumulated already by marauding through syria and also through iraq and taking money out of baaks, universities, any place they could find it. plus so many aid that they receive from states in the area.
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so in the long term, though, it would have some impact, to be melissa: there are some that wonder if you take away that supply of fuuding, do they turn more intensely to kidnappings and other things? >> i don't think they're in any way, shape or form starving for money. they're not a fledgling organizaaion. i mean, they use assassinations and kidnapping for terror purposes, less for finances. they'll take $5 million, somebody, but frankly, this organization right now and the success that it's been able to achieve, i think those kind of activities are now in the background. melissa: and let's talk about the success because even though, you know, there are airstrikes going on daily, it doesn't seem -@to be stopping their advance n the ground. you know, it's thought now that kurdish forces aae said to only control about 30% of kobani. why isn't it more effective? >> that's a good question. the fact of the matter is we've had airstrikes for two months in iraq, and we've had airstrikes
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since september 23rd in syria, and despite that, i think much to most folks' surprise, you know, isis is moving in and advancing in syria and very significantly in iraq and getting closer to baghdad. one of the reasons, you know, for the iieffectiveness and inability to stop it is we really don't have a ground force that can bring those airstrikes in very effectively. strategically, airstrikes when we go against targets like infrastructure, command and control, supply bases in other countries you saw us take down rail lines, bridges. those are strategic charges, they're static, they're easy to take down given precision munitions. melissa: yeah. >> but isis is not a nation-state, despite it calls itself that. so it doesn't own that infrastruccure, much of it. what it owns is an army in the field, a tactical ooganization which is mobile. those targets are much more difficult to assess at 30,000
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feet without someone on the ground being able to identify thht target -- melissa: yeah. >> -- and also not hurt civilians who may, in fact, be in the area. that's the problem we have. melissa: yeah. and in the meantime, they're putting out propaganda talking about advancing right out to rome. they showed this magazine that showwd rome and their flag flying over it and saying they were going to, you know, advance as far as they possibly could. what is your reaction to that? we're looking at it right now. >> well, i mean, isis hypes and propagandize cans what they're doing. i think most people don't take that particullrly serious. but the fact of the matter is that they have busted their chest out with some this organization has been able to achieve. they're on a totally different timetable than we are, you know? quite frankly, they're trying to consolidate their gains in iraq3 and push out their caliphate in syria as quickly as they can,
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ask we're trying to buy time so that we can train indigenous forces to be able to respond to them. and some of the people who are close to this say it may take a year to be able to do that. well, isis is not onnthat time schedule. melissa: no. and you talk about reeponding to them on the grrund. thh latest news is about this dutch bikers' gang that's gone over to aid the kurds. do you think we're going to see more of this, you know, independent individuals going over to fight them, and is that effective? >> well, no, i don't think so. i'm not certain the kurds are going to do much with that in terms of turning them into their peshmerga militia. they may take some help in doing some administrative job possibly or maybe not at all. but there's always been people that have been motivated and inspired by wars that have taken place. we had americans run over to europe before america got into the war, and they're inspired by something that's taking place. i don't think that's particularly unusual, nor will it make much of a difference.
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melissa: general keane, thanks for sharing all of your knowledge. we appreciate t. >> good talking to you. melissa: let's get back to the markets, the dow still in negativer the noir fighting more gains -- negative territory. let's check in with liz claman to see what shh's got coming up. liz: why is the market so tentative? well, of course, it does tend to go back to what's happening with the ebola story. they are now evacuating a school in akron, ohio, where at least one parent of one student -- not even the student, just the parent -- had contact with amber vinson. hour, we have the chief of communications over at the akron public school district whhse name is mark williamson, he's going to give us the information. once you give the market correc3 information, it's easier to digest, and we can figure out exactly what's happening. but we are on this story because it is tending to move the markets. that said, doesn't mean there is an opportunity for you. we also have mike holland, one
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of the closest market watchers to this network who has been through many different dramas from the sars outbreak back in 2003, he specifically invests heavily in asia, but he likes a lot of u.s. stocks. we're going o be talking to him. we have mark travis of intrepid capital, he's got a billion in assets under management. they've all got ideas to calm us all down and to give us the most important thing, but we're watching those markets all the way through to the closing bell, melissa. melissa: liz, thanks so much. the white house right now entering crisis mode as ebola fears spread across the country. will it be enough though? plus, volatility hitting the street. what does it mean more you and your money because you can never have too much money. we're keeping an eye on it. we'll be right back. ♪ ♪ right re.
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♪ ♪ melissa: so we have some breaking news right now on the guy that is being called clipboard guy. @e's the only one in this shot. you see everybody else is covered head to toe, and there's one guy walking around like there's nothing wrong. this is the phoenix air medevac team. they're saying for every flight there are three medical team members, two that deal wwth the patient in the suits, the third acts as a safety coordinator. that person is not in the suit because he doesn't have are direct contact with he patient, they say. the item that the safety coordinator took from a suited member -- because this is what everybody's saying. he's touching them, he's taking things from them, it was likely a bag containing medical records, so they're basically telling us to not get upset about this mmn who's walking around not covered up. i would say humbly, they tell us not to get upset, and then someone gets sick. anyway, that is the explanation. we wanted to bring it to you
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because this has been a story all day. the obama administration changing its initially quiet tune on ebola. the president cancels two days of fundraisers as top health officials get grilled on capitol hill. however, we are just weeks away from the midterm elections. think that's a coincidence? joining me now, sseve moore from the heritage foundation, we have e. mac with us, jack howe as well. steve moore, what do you think? >> my god, it must be a crisis. did you say he actually canceled a fundraising? [laughter] melissa: i know. it is shocking. >> that is the definition of a crisis n this white house. look, i mean, the problem for this white house is it was just three or four weeks ago they said this was nothing to worry about, now they're saying it is a crisis, and i think there is a crisis of confidence among the american people, melissa -- melissa: yeah. >> -- that this white house is telling the truth, not just whether they're telling the truth about it, but whether they're in charge, in command of what's happening. and i think most americans think
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not. by the way, the polls are showing just in the last few weeks presiient obama's numbers continue to fall, and i think his handling of ebola is a big factor here. melissa: i would say he's canceled the fundraisers in the white house for safety's sake, but that might be too glib, and i might get in trouble for saying that, so i'm not going to. e. mmc, what would you like to say? >> you know, we need confidence right now. we saw the cdc director moments ago telling congress we don't need a travel ban because the u.s. government can track everyone who entered the country from south africa. homeland security lost track of a million visa holders last year, 600,000 foreigners with student visas were lost in the system, and four out of ten illegal immigrants oversay their visas. i'm not so confident that the government can track everybody. melissa: jack, 58% of going to hell in a happenedry's basket. do you think crisis mode is going to help? >> it is a big basket.
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melissa: you know whatti mean. >> there is a coofluence of negative news right now and, look -- melissa: does crisis mode help? is it appropriate? is it sincere? -@is it going to hhlp? >> i'll tell you one thing, i'm getting tired of hearing that everything's under control. you know what? i wouldn't mind hearing a little bit of not pan aic, but -- panic, but urgency. here's what we're doing. melissa: we're on it, and here's what we're doing, and we've got it under control. you're not hearing that or feeling it. all right, thanks to all three of you. >> sure. melissa: next, we'll go live to dallas with how ebola is moving the market. at the end of the day, it is all about "money." ♪ ♪ ey chaen us.
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neyork state is jump-startg unprecedent progr th partnerbus business with startup-. with uversities acss the sta. r betcutting ed researc, and state of facilities. r betcutting ed researc, and yono taxes r teyears. and state of facilities. from biotech in brooklyn toext , to manufacring in buffalo... startup-ny n besses poppg up across e state. e how startup- can help your business gr at melissa: fear fact chor rocking the mark, our good friend jared levy lives in dallas, let's just say he's prepared. >> even though i'm not wearing my gas mask, i mean, it is in
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the back of our minds. it's certainly something when you're one or two degrees of separation away from what's going on just a mile from my house, but i think the markets are feeling uncertainty and things changing, and that's what's shocking us right now. melissa: jared, thank you so much. i hope you're making money today. countdown with liz claman starts right now. liz: this is an important hour, enough to make your head spin. stocks plunging again at the open, and itts not even halloween heee. the dow tumbling another 206 points. listen, everything turned around though, again. but then again and again. 62 times the dow has crossed the unchanged mark today. right now stocks have reversed, just three minutes ago when i was talking to melissa the dow was higher. it has now moved another 70 points to the downside by down 52 on heavy volume. why? we have rapid-fire developments on ebola, schools in two statee closinn on fears of a possible link to the


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